Figure 7-7 Above Outlines the Distribution Channels Through Which a Product

question 63

Multiple Choice

Figure 7-7 above outlines the distribution channels through which a product manufactured in one country must travel to reach its destination in another country."B" represents the

• A)channels within foreign nations.
• B)channels between nations.
• C)seller's international marketing headquarters.
• D)political forces.
• E)final consumer.

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Definitions:

Payable

The amounts of money that a company owes to vendors or creditors for goods or services received that have not yet been paid.

Bearer

The individual in possession of an instrument, such as a check or promissory note, that is not made out to a specific payee.

Conditional Endorsement

An endorsement on a document or instrument subject to specific conditions or restrictions.

Payment

The act of satisfying a debt or obligation, usually by transferring funds to settle the amount owed.